Financial Inclusion

Total 17 Posts

Standard Chartered and Airtel Africa hope to drive financial inclusion across Africa

The announcement by Standard Chartered and Airtel Africa on their collaboration on co-creating financial services products continues the trend of the rise of Fintech solutions available to Africans.

Vodacom now allows people to send money to Tanzania from anywhere around the world

Vodacom M-Pesa - has announced the expansion of its International Money Transfer service portfolio. Vodacom customers will now have the option and ability to easily transfer and receive funds from individuals across more than 200 countries worldwide.

More needs to be done by South African banks to ensure financial inclusion

Financial inclusion initiatives directed at poorer people in South Africa should be closely monitored. This is because they don’t always have a positive impact, particularly on poor people.

Cameroon’s indigenous mobile money company, Glomo Money, is struggling

Mobile money has proved popular among many African countries. However, in Cameroon, Glomo Money, an indigenous mobile money service, is struggling as it cites that government is supporting multinational companies better than local ones.

Stopping electronic banking fraud in Nigeria

Researchers have investigated dimensions of electronic fraud in Nigeria. Three were found: internal fraud carried out by banking staff; external fraud carried out by ordinary Nigerians; and collaboration between fraudsters and banking staff.

WhatsApp has introduced a feature that allows users to send and receive money

First tested in India during 2018, WhatsApp has now officially introduced a payments feature for its approximately 120 million users in Brazil. The feature is expected to be rolled out to other markets.

Sudan adopts digital payments

Sudan has joined the United Nation's Better Than Cash Alliance in order to accelerate the transition from cash to digital payments. Importantly, digital payments will be used for the Sudan Family Support Program.